LA Times - "Fed Opts to Hold Interest Rates Steady" (8-9-06)

"Analysts are divided on whether central bankers will resume tightening credit next month."

"The Federal Reserve called at least a temporary halt Tuesday to its 2-year-old campaign to raise short-term interest rates, suggesting that a slowing economy and previous rate hikes might cool inflation."

"The Fed's policymaking Federal Open Market Committee acknowledged its central predicament: How to steer the economy between the perils of inflation and sluggish economic growth. Inflation has been rising, it said in a statement explaining its action, even as 'economic growth has moderated from its quite strong pace earlier this year.'"